We use cookies (including third-party cookies such as Google) to remember your site preferences and to help us understand how visitors use our sites so we can improve them. To learn more, please see our privacy policy and our cookie policy.

To agree to our use of cookies, click 'Accept' or choose 'Options' to set your preferences by cookie type.

Options Accept
BullionVault

CHARTS

  • English
  • Deutsch
  • Español
  • Français
  • Italiano
  • Polski
  • 日本語
  • 简体中文
  • 繁體中文
  • Daily audit
  • Help
  • Contact
  • Deposit
  • Login
  • Open account
  • ABOUT US
    • About BullionVault
    • In the press
    • Reviews
    BUY/SELL BULLION
    • Vaulted gold & silver
    • -Live order board
    • -Daily Price
    • Coins for delivery (UK)
    INVESTMENT GUIDE
    • Guide to gold
    • -How to buy gold
    • -Gold investment
    • -Gold investment plan
    • -Investment insurance
    • -Compare asset performance
    • Guide to silver
    • -How to buy silver
    • Guide to platinum
    • -How to buy platinum
    GOLD NEWS
    • Gold news front page
    • -Gold price news
    • -Opinion & analysis
    • -Market fundamentals
    • -Gold/Silver Investor Index
    • -Infographics
    CHARTS
    • Gold price
    • Silver price
    • Platinum price
    • Price alerts
  • Login
  • Open account
  • BUY/SELL BULLION
  • Vaulted gold & silver
    • ⤷
    • Live order board
    • Daily Price
  • Coins for delivery (UK)
  • INVESTMENT GUIDE
  • Guide to gold
    • ⤷
    • How to buy gold
    • Gold investment
    • Gold investment plan
    • Investment insurance
    • Compare asset performance
  • Guide to silver
    • ⤷
    • How to buy silver
  • Guide to platinum
    • ⤷
    • How to buy platinum
  • GOLD NEWS
  • Gold news front page
    • ⤷
    • Gold price news
    • Opinion & analysis
    • Market fundamentals
    • Gold/Silver Investor Index
    • Infographics
  • CHARTS
  • Gold price
  • Silver price
  • Platinum price
  • Price alerts
  • ABOUT US
  • About BullionVault
  • In the press
  • Reviews
  • Help
  • Contact
  • Daily audit
    • English
    • Deutsch
    • Español
    • Français
    • Italiano
    • Polski
    • 日本語
    • 简体中文
    • 繁體中文

Gold News

Live support

NEED HELP? ASK US NOW

Search form

Gold News front page

Gold Price News

Gold Prices Sink as 'Kill or Cure' Stimulus Spikes Real Interest Rates Fastest Since 2013

More...

Gold Investing In Depth

Learn about gold bullion bars

Learn about gold bullion coins (and costs)

Gold investment: Why & how?

Gold Investment Analysis

  • Latest Gold Investor Index
  • Diversification: Gold as investment insurance
  • 40-year Asset Performance Comparison Table

Gold Articles

Opinion & Analysis

Gold Price News

Investment News

Gold in History

Gold Books

Gold Investor Index

Gold Infographics

Archive

  • February 2021 (23)
  • January 2021 (25)
  • December 2020 (24)
  • November 2020 (23)
  • October 2020 (25)
More...

List of authors

Peak Silver

Thursday, 6/04/2009 11:23

20/20 vision says US silver production could be extinct by 2020...


FORGIVE THE GENERIC
title, and boring at that, writes David Morgan of Silver-Investor, but hopefully this and other missives will bring an important topic to light.

Although I could go on and on about the long-term price forecast for silver, that is not my purpose here. Instead, I want to point out what many others have addressed – and it might be referred to as peak silver.

Before we get too far into this subject, please note this topic previously has been addressed by me and several other writers in this space. In fact some time ago, I invited Ted Butler to engage in an e-TV interview with me on this topic, as he had penned an article about what the United States Geological Survey (USGS) had to say about the amount of silver left in the earth's surface.

The same subject also came up during the panel discussion at the Phoenix Silver Summit in February of this year. One of the panel's participants was presenting the "bearish" case for silver, and I brought up the fact that he had a shortsighted view because according to the USGS we'll run out of silver from Earth's surface around 2020.

In other words, if you look at the silver fundamentals with perfect 20/20 vision, the picture becomes clear.

Adrian Douglas of MarketForceAnalysis.com was just recently interviewed, and he commented how "the US Geological says silver will be the first on the periodical table to go extinct by 2020." And Roland Watson, a friend and fellow silver buff, wrote a nice piece on this quite some time ago titled, "Has Silver Peaked in the USA?"

Roland begins the article by stating, "Has silver mine production in the United States of America finally peaked never to recover? Never mind the ongoing debate about Peak Oil; what about the case for Peak Silver in America?

"Thanks to those helpful people at the United States Geological Survey, I was able to download an Excel spreadsheet of American mine production and chart it out. I added the US mine output for 2003 and 2004 from their regular bulletins and the result is the graph below."

Coming back to the Phoenix Silver Summit panel, I asked the audience, "How many of you are parents or grandparents? Is ten years or so really that much time to pass something as valuable as silver selling so cheaply, on to your children or grandchildren? What will silver be worth when reality runs into fantasy?"

Certainly I am not suggesting we will truly run out of silver, but as the earth's deposits are depleted and it becomes scarcer and scarcer, the price will determine the real silver owners. If you were one of the very few who visited my website in 2000 and recall my stating that silver was selling for the lowest inflation-adjusted price ever, you are to be congratulated. Most investors don't buy bottoms, even when the facts are clearly available.

It was lonely in the beginning; Ted Butler and I were about the only silver bulls writing on the Web in those days. Now nine years have passed. Maybe in the next nine we will have huge interest in the silver market, but by then even the blind may be talking about 2020!

  • Reddit logo
  • Facebook logo
  • Twitter logo
  • Google logo
  • Yahoo logo
  • LinkedIn logo
  • Digg logo
  • StumbleUpon logo
  • Technorati logo

Founder of the Silver Investor, David Morgan began investing in stocks before turning 18 years old, and was early to this decade's bull market in silver, noting to his subscribers in 2000 that silver was selling for the lowest inflation-adjusted price ever. Holding degrees in both Engineering and Finance & Economics, David Morgan is a respected analyst and commentator on silver investment at sites including Gold-Eagle, SilverSeek, MarketWatch and Resource Investor.

See full archive of David Morgan articles

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

Mobile apps

 - live trading 24/7

 - buy & sell instantly

 - up-to-the-second charts

 

 

 

Daily news email
Go to 'communications settings' 

Get the latest daily gold price news free by email

Latest gold news by email

 

 

 

Gold Investor Index
2 February 2021

Silver Investor Index

Record New Year 2021

 

 

 

LBMA webinar
21 January 2021

LBMA

London gold trading

 

 

 

Bloomberg TV
1 February 2021

Bloomberg TV

r/silver-surge

 

 

 

The Alchemist
1 December 2020

Newton

True Gold/Silver Ratio

 

 

 

  •  Email us

Market Fundamentals

  • Green Energy: Platinum Key to New 'Hydrogen Catapult'
  • 2021 Gold Price to Rise 11.5%: LBMA Forecast
  • 'Cut Bullion Duty to Cut Smuggling': India's Gold Industry
More...
  • Cost calculator
  • Cookies
  • Terms & conditions

©BullionVault Ltd 2005-

  • Twitter
  • Facebook
  • LinkedIn
  • YouTube

Save your cookie preferences

We use cookies to remember your site preferences, record your referrer and improve the performance of our site. For more information, see our cookie policy.

Please select an option below and 'Save' your preferences.

Save

You can update your cookie preferences at any time from the 'Cookies' link in the footer.

Secure auto-logout warning

You have not been active for some time.

For your security you will be logged out in   minutes unless you take action.